Internal control means different things to different people. This causes confusion among business people, legislators, regulators and others. Resulting miscommunication and different expectations cause problems within an enterprise. Read More
What is strategic planning and why is it so important? Read More
ERM is an evolving discipline that companies are using to ensure that risk management becomes pervasive throughout an organization. Read More
The bankruptcies of Enron in 2001 and Worldcom in 2002 were due, in large part, from financial reporting irregularities. The sheer magnitude of Enron's collapse (Enron had revenues of over $100 billion), the nature of some of their accounting practices, and complicity of other firms who turned a "blind eye" to the questionable transactions, created a crisis in confidence for investors who rely upon the financial statements of publicly traded companies in making investment decisions. Read More
Entity Level Controls – as outlined in other areas of this web-site, Entity Level Controls (ELC) pertain to the “tone at the top”. Read More
The Balanced Scorecard is a relatively new performance measurement tool which provides management with a method to align the organization’s strategic plan with its operating budget and ongoing measurement program (variance analysis). Read More